Any municipality, any board, commission, or other authority established by ordinance of any municipality, or the boards of trustees, respectively, of the firemen's relief and pension fund and the policemen's pension and relief fund of any municipality, or the board of trustees of any retirement system created by the General Assembly of the State of Arkansas, may in its discretion, invest any of its funds not immediately needed for its purposes in bonds issued under the provisions of this chapter. Bonds issued under the provisions of this chapter shall be eligible to secure the deposit of public funds.
Structure Arkansas Code
Subtitle 14 - Solid Waste Disposal, Waterworks, And Sewers Generally
Chapter 233 - Joint County And Municipal Solid Waste Disposal
§ 14-233-104. Creation of authority — General powers and restrictions
§ 14-233-106. New members — Withdrawal of old members
§ 14-233-107. Specific powers of authority
§ 14-233-108. Board of directors — Executive committee
§ 14-233-109. Bonds — Issuance, public hearing, execution, and sale
§ 14-233-110. Bonds — Trust indenture
§ 14-233-112. Bonds — Liability — Payment and security
§ 14-233-113. Refunding bonds — Issuance
§ 14-233-114. Contracts with municipalities or counties — Rates, fees, and charges — Pledges
§ 14-233-115. Rights of bondholders
§ 14-233-116. Bonds — Tax exemption
§ 14-233-117. Tax exempt status of property and income of authority
§ 14-233-118. Investment of public funds in bonds
§ 14-233-119. Transfer of facilities to authority by county or municipality